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Alrosa boosts rough diamond sales by 36% in November

December 07, 13:14 UTC+3 MOSCOW

Russia’s diamond producer Alrosa sold $325.8 mln worth of rough diamonds in November 2017

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MOSCOW, December 7. /TASS/. Russia’s diamond producer Alrosa sold $325.8 mln worth of rough diamonds in November 2017, a 36% increase year-on-year, the company reported Thursday. Sales of polished diamonds amounted to $8.4 mln in money terms in the reporting period.

"The significant sales growth in monetary terms against last November (+36%) is due, in part, to the low base effect," Vice President Yury Okoemov was quoted as saying.

In January-November 2017, rough and polished diamond sales amounted to $4.029 bln in money terms, the report said. Rough diamonds were sold for $3.942 bln, while polished diamonds - for $87.4 mln in the reporting period.

The company’s President (CEO) Sergey Ivanov said earlier that the diamond mining plan for 2017 was 39.2 mln carats.

Alrosa is engaged in the exploration, extraction, production and sale of diamonds. It produces diamonds in the Republic of Sakha (Yakutia) and the Arkhangelsk region.

The shareholders of Alrosa are currently the Russian Federation - 33.02%, the Republic of Sakha (Yakutia) - 25%, districts of Yakutia - 8%, while 34% of shares are in free float.

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